Farm Ireland
Independent.ie

Friday 20 January 2017

Quotes up as kills fall 1,000hd/week

Joe Healy

Published 10/05/2011 | 05:00

Prices and quotes are continuing to strengthen as kill numbers decline by roughly 1,000hd/ week compared to the corresponding week last year. Last week's figure of 27,650hd was almost 2,500 animals fewer than 12 months ago.

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The finisher is the beneficiary in those circumstances and while Donegal is normally towards the top on prices, the fact that it had to increase its prices by 11c/kg over the past week speaks volumes as the number of cattle leaving the county was making the local factory uncomfortable.

At the moment, U and R-grade in-spec heifers are making 395c/kg and 386c/kg respectively. Elsewhere, I heard of a flat price of 364c/kg being paid in the midlands and the south for a mix of mainly O-grade and some R-grade bulls. Up to 378c/kg was reportedly paid for heifers in the east, where 370c/kg was paid for steers. Kildare also paid this price for steers. Reports are surfacing that steers made 372c/kg at Liffey Meats, and 336c/kg was mentioned for cows at the same plant.

Quotes are considerably below the prices mentioned above, with many factories officially offering 353-360c/kg for the steers and 364-370c/kg for the heifers. Where farmers have stock for sale, quotes generally range from 360-370c/kg for the steers and 370-380c/kg for the heifers. Quotes for U-grade bulls are in the 364-380c/kg bracket, with R grades at 355-364c/kg and O grades on 342-350c/kg.

IFA livestock chairman Michael Doran said that the continued fall in cattle supplies was forcing processors to improve the prices on offer from finishers who are now in a very strong position to negotiate.

There is no let up in the cull cow trade either, as top grades make up to 336c/kg. As mentioned already, good Friesian cows sold for 320c/kg flat. Prices for O+ and Rs in Donegal are at 328c/kg, with the Us at 333c/kg. Elsewhere, the Os are making 308-319c/kg, Rs 319-325c/kg and the P+ grades selling for 300-308c/kg.

Meanwhile, Bord Bia said quotes for R-grade steers last week under the Quality Payment System were in the range of €3.56-3.64/kg. Heifer quotes were running at €3.70-3.75/kg. These prices exclude the 6c/kg on in-spec Quality Assured stock.

In the UK, trade remained firm, helped by a decent demand for all parts of the carcass, with GB R4L grade steers averaging Stg 305.2p/kg deadweight (equivalent to 362c/kg including VAT deadweight).

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